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This startup just raised nearly $500 million to build nuclear reactors for the US military

Antares closes $470 million Series C, $370 million in equity and $100 million in debt, co-led by Paradigm and Caffeinated Capital
The move follows the Mark-0 reaching criticality at Idaho National Laboratory and helps fund an electricity-producing Mark-1 in 2027 and military deployments in 2028
Antares' military-first strategy targets a price-insensitive customer bound by an executive order requiring a reactor on a US base September 30 2028

Nuclear fission startup Antares has announced it has raised a total of $470 million in funding as it looks to supply a single client with a looming deadline: the US Military.

The Torrance, California company closed a Series C co-led by Paradigm and Caffeinated Capital, with Point72 Ventures, Shine Capital and Industrious Ventures among the participants, according to TechCrunch's look at its PitchBook data.

Antares' raise comes seven weeks after its Mark-0 microreactor reached criticality at Idaho National Laboratory under the...

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This startup just raised nearly $500 million to build nuclear reactors for the US military

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